Post
Topic
Board Speculation
Re: Do you think this pullback would last long
by
MinMan
on 08/02/2025, 06:45:01 UTC
People will say that it's now down again to $97k. I think most people that are too reactive to the daily price of Bitcoin has something to do with day trading but I am not. Overall, it's still a good correction that we have to experience. The next time that it will recover with some good or no news at all that will make the entire market to react to is just a matter of time. It only has one way and direction to go for this bull run and that's going up. Everyone who's too stressed looking at the daily candles need to take a rest if you don't have something to do with it or you're a long term guy.
Makes sense but I think there are still non-day traders that are also reactive in the daily movements of BTC. It is only normal here in the BTC/crypto world because BTC is like the face of it and it would be weird already if people don't talk about it often. It might seem that people already forgot about BTC or give less importance to it. Correction is healthy but some doesn't like it. Correction is still not worse as the dip because price will just recover easily. It doesn't need the help of a good news or something. This makes people to not even react to it. Market movements doesn't have a single way. Even if there is a bull or a bear run, there are still volatilities along the way.